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Listed by Adam M Shpritz • Ashland Auction Group LLC
$240,000
Est. payment /mo
5,310 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2227860
Year Built 1943
Annual Tax Amount $4,215
Tax Year 2025
Lot Size 5,310 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
ONLINE AUCTION: Bidding begins 12/11/2025 @ 10:00 AM. Bidding ends 12/15/2025 @ 1:00 PM. List Price is Suggested Opening Bid. Deposit: $25,000. 2 Story Apartment building located in the Southeast area of Washington, DC. Residents can enjoy the nearby attractions such as Fort Circle Park, Woody Ward Community Center, & +/- 8 miles to Downtown Washington DC. Property is Rented. Easy Access to Major Traffic Artery Route 295.
Lender Financing
Lender financing is available, and all financing is subject to qualification and lender approval. A 20% down payment is required.
Opportunity to Buy for a Fraction Prior Suggested Sales Price
A prior price opinion dated May 2023 suggested an estimated market value of approximately $749,800. The property is being offered at auction, with the potential for the sales price to be a fraction of that previously suggested value.
*The Market Survey / Price Opinion value is only for reference. It is highly recommended that all bidders conduct their own due diligence and research on comparable sales.
Potential Rental Income
The property is currently occupied; however, the seller is not collecting rent at this time. The rental information below reflects previously reported lease terms and amounts under the former ownership and is offered for informational purposes only. Actual tenancy details and payment arrangements have not been confirmed.
Rental Information:
Total Scheduled Monthly Rent: $5,150/mo
Total Scheduled Annual Rent: $61,800/yr
5001 Hanna Place - Apartment 1
Previously Scheduled Monthly Rent: $1,150/mo
Previously Scheduled Annual Rent: $13,800/yr
Lease Term: Month-to-Month
5001 Hanna Place - Apartment B
Previously Scheduled Monthly Rent: $1,100/mo
Previously Scheduled Annual Rent: $13,200/yr
Lease Term: 04/01/2024 to 04/01/2026
5003 Hanna Place - Apartment A
PreviouslyScheduled Monthly Rent: $1,150/mo
Previously Scheduled Annual Rent: $13,800/yr
Lease Term: Month-to-Month
5003 Hanna Place - Apartment B
Scheduled Monthly Rent: $750/mo
Scheduled Annual Rent: $9,000/yr
Lease Term: Month-to-Month
5005 Hanna Place
Scheduled Monthly Rent: $1,000/mo
Scheduled Annual Rent: $12,000/yr
Lease Term: Month-to-Month
The occupants currently residing at the property are believed to have been tenants of the former owner prior to foreclosure. The seller has not entered into a new lease agreement or otherwise established a formal landlord–tenant relationship with the current occupants. Any information provided regarding rent amounts, payment history, or occupancy status originates from the former owner and has not been independently verified. The sale does not alter or challenge the occupants' current occupancy; this information is provided for disclosure purposes only.
Multi-Unit
Believed to Be Set Up As:
-The property contains 5 Units.
Each Unit is set up As:
-(1) Bedroom
-(1) Bathroom
-Kitchen
-Dining area
-Living area
Lender Financing
Lender financing is available, and all financing is subject to qualification and lender approval. A 20% down payment is required.
Opportunity to Buy for a Fraction Prior Suggested Sales Price
A prior price opinion dated May 2023 suggested an estimated market value of approximately $749,800. The property is being offered at auction, with the potential for the sales price to be a fraction of that previously suggested value.
*The Market Survey / Price Opinion value is only for reference. It is highly recommended that all bidders conduct their own due diligence and research on comparable sales.
Potential Rental Income
The property is currently occupied; however, the seller is not collecting rent at this time. The rental information below reflects previously reported lease terms and amounts under the former ownership and is offered for informational purposes only. Actual tenancy details and payment arrangements have not been confirmed.
Rental Information:
Total Scheduled Monthly Rent: $5,150/mo
Total Scheduled Annual Rent: $61,800/yr
5001 Hanna Place - Apartment 1
Previously Scheduled Monthly Rent: $1,150/mo
Previously Scheduled Annual Rent: $13,800/yr
Lease Term: Month-to-Month
5001 Hanna Place - Apartment B
Previously Scheduled Monthly Rent: $1,100/mo
Previously Scheduled Annual Rent: $13,200/yr
Lease Term: 04/01/2024 to 04/01/2026
5003 Hanna Place - Apartment A
PreviouslyScheduled Monthly Rent: $1,150/mo
Previously Scheduled Annual Rent: $13,800/yr
Lease Term: Month-to-Month
5003 Hanna Place - Apartment B
Scheduled Monthly Rent: $750/mo
Scheduled Annual Rent: $9,000/yr
Lease Term: Month-to-Month
5005 Hanna Place
Scheduled Monthly Rent: $1,000/mo
Scheduled Annual Rent: $12,000/yr
Lease Term: Month-to-Month
The occupants currently residing at the property are believed to have been tenants of the former owner prior to foreclosure. The seller has not entered into a new lease agreement or otherwise established a formal landlord–tenant relationship with the current occupants. Any information provided regarding rent amounts, payment history, or occupancy status originates from the former owner and has not been independently verified. The sale does not alter or challenge the occupants' current occupancy; this information is provided for disclosure purposes only.
Multi-Unit
Believed to Be Set Up As:
-The property contains 5 Units.
Each Unit is set up As:
-(1) Bedroom
-(1) Bathroom
-Kitchen
-Dining area
-Living area
Location
State DC
County Washington
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5341//0014
Ownership Fee Simple
Special Listing Condition Auction
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